If you don't have a plan for all the money on a cash-out, then you may be better off taking less and holding onto your equity.

A great investing agent knows those people and will have a goal of you making money so you come back to buy more. 

If it was a Class A property and you had to make it really nice in order to fetch premium rent, I could see spending money on it.

I took some money out of my 401 K to pay back some debts. 

My guess is you will need to invest some money to pass inspection regardless and the hassle of annual inspections major.

Hard money.

Thanks Jorge build new don't buy new and don't buy existing. find your own land, entitle it, control the full process, get architects, zoning attorneys, roll your sleeves up it isn't easy but it's big money. 

Hard money How did you add value to the deal?

Will the IRS want to know who I paid the money for the major repairs?

The government increased the money supply by 40% causing record inflation and interest rate increases.